• Table of Contents

  • What are the social charges of companies in Ukraine? All Know Social Security Charges Ukraine
  • Introduction
  • Social security rates in Ukraine
  • Types of social charges in Ukraine
  • Health Insurance
  • Social assurance
  • Unemployment insurance
  • Pension fonds
  • Obligations of employers with regard to social charges in Ukraine
  • Registration with tax authorities
  • Calculation and payment of social charges
  • Record keeping
  • Preparation and submission of tax returns
  • Examples of payroll taxes in Ukraine
  • Example 1: A company with an employee earning 10 UAH per month
  • Example 2: A company with five employees each earning 20 UAH per month
  • Conclusion

What are the social charges of companies in Ukraine? All Know Social Security Charges Ukraine

Introduction

Social charges are mandatory contributions that employers must pay for their employees. In Ukraine, social charges are an important topic for companies, as they can represent a significant portion of labor costs. In this article, we will review payroll taxes in Ukraine, including rates, types of payroll taxes, and employer obligations.

Social security rates in Ukraine

In Ukraine, social security tax rates are set by law. Rates vary depending on the type of payroll tax and the employee's salary. The rates of social charges in Ukraine are as follows:

• Health insurance: 4% for employers and 4% for employees
• Social insurance: 22% for employers and 22% for employees
• Unemployment insurance: 0,6% for employers and 0,6% for employees
• Pension funds: 3,6% for employers and 18% for employees

It is important to note that the rates of social charges in Ukraine can change every year. Employers should therefore be aware of the prevailing rates to ensure that they are paying the appropriate contributions.

Types of social charges in Ukraine

In Ukraine, there are several types of social charges that employers must pay. The types of social charges in Ukraine are as follows:

Health Insurance

Health insurance is a social charge that employers must pay for their employees. This payroll tax is intended to finance health care for employees. Employers must pay 4% of the employee's salary for health insurance.

Social assurance

Social insurance is a social charge that employers must pay for their employees. This payroll tax is intended to finance social benefits for employees, such as maternity and paternity benefits, sickness benefits and retirement benefits. Employers must pay 22% of the employee's salary for social insurance.

Unemployment insurance

Unemployment insurance is a social charge that employers must pay for their employees. This payroll tax is intended to fund unemployment benefits for employees. Employers must pay 0,6% of the employee's salary for unemployment insurance.

Pension fonds

The pension fund is a social charge that employers must pay for their employees. This payroll tax is intended to fund retirement benefits for employees. Employers must pay 3,6% of the employee's salary for the pension fund.

Obligations of employers with regard to social charges in Ukraine

In Ukraine, employers have several obligations in terms of social charges. The obligations of employers with regard to social charges in Ukraine are as follows:

Registration with tax authorities

Employers must register with the tax authorities to pay social charges. Employers must provide company, employee and salary information.

Calculation and payment of social charges

Employers must calculate and pay payroll taxes for their employees. Employers must ensure that they pay the appropriate contributions according to the prevailing rates.

Record keeping

Employers must keep records of payroll taxes paid for their employees. Records should include employee, salary and contribution information.

Preparation and submission of tax returns

Employers must prepare and submit tax returns for payroll taxes paid for their employees. Tax returns must be submitted on time to avoid penalties.

Examples of payroll taxes in Ukraine

To better understand payroll taxes in Ukraine, here are some examples of payroll taxes for employers:

Example 1: A company with an employee earning 10 UAH per month

• Health insurance: 400 UAH (4% of 10 UAH)
• Social insurance: 2 UAH (200% of 22 UAH)
• Unemployment insurance: 60 UAH (0,6% of 10 UAH)
• Pension fund: 360 UAH (3,6% of 10 UAH)
• Total social charges: UAH 3

Example 2: A company with five employees each earning 20 UAH per month

• Health insurance: UAH 4 (000% of UAH 4 x 20 employees)
• Social insurance: 22 UAH (000% of 22 UAH x 20 employees)
• Unemployment insurance: 600 UAH (0,6% of 20 UAH x 000 employees)
• Pension fund: 3 UAH (600% of 3,6 UAH x 20 employees)
• Total social charges: UAH 30

Conclusion

In conclusion, social charges in Ukraine are an important topic for companies. Employers should be aware of current payroll tax rates and the types of payroll taxes they must pay. Employers also have payroll tax obligations, including registering with tax authorities, calculating and paying payroll taxes, keeping records, and preparing and submitting tax returns. By understanding payroll taxes in Ukraine, employers can ensure that they are paying the correct contributions for their employees.